7-Eleven & Washman

7-Eleven & Washman

San Diego, CA

San Diego, CA

7-Eleven & Washman

Offered for sale is the opportunity to acquire triple net leases 7-Eleven and Washman in San Diego, California. The property consists of a 2,228-square-foot (7-Eleven) and a 2,191-square-foot (Washman), freestanding buildings that sit on 0.58 acres of land. There are 7.4 years remaining on the current lease term for 7-Eleven with 10% rental increases at each option and 12.3 years remaining on the current lease for Washman with 10% increases every five years. Broker of Record for CA: Adam Christofferson; License: 01240999

Price $5,925,000
Cap Rate 4.95%
Building Size 2,191 sqft
Lot Size 0.58 acres
Year Built 2016
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Signalized Hard Corner Location on Clairemont Drive and Denver Street (34,000 Vehicles Per Day)
  • Near Interstate 5, a Major Route Where Traffic Counts Exceed 210,000 Vehicles Per Day
  • Next to The Upcoming 175,00-SF Bayview Development
  • Average Household Income is $124,524 (Five-Mile Radius)
  • Washman ‘s Lease Features 10 Percent Rent increases Every Five Years in the Primary and Option Periods
  • Corporate Guaranteed Triple-Net Leases with Limited Landlord Responsibilities
  • Seven Miles to Downtown San Diego and Five Miles to San Diego International Airport (20 Million Passengers Every Year)

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
Go to Top